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Ferronova secures A$11 million to advance nanotech image-guided cancer therapy

ADELAIDE, Australia, Jan. 23, 2023 /PRNewswire/ Australian biotech company Ferronova announced today it has secured a further A$11 million to progress the company's nanoparticle platform to assist surgeons to more accurately locate and remove malignant cells during treatment of gastrointestinal and brain tumors. Irish company Renew Pharmaceuticals Limited (Renew) led an A$8 million capital raise, with a further A$3 million secured via an Australian Government Co-operative Research Centers Project (CRC-P)grant. Existing Ferronova shareholders, led by Uniseed with Artesian Venture Partners also participated. The latest round of funding for the Adelaide, South Australian headquartered company builds on seed capital and Series A funding of $4.6 million. Ferronova Chair Dr John Parker said the international investment from Renew Pharmaceuticals and existing investors, and the CRC-P grant has created a strong platform to accelerate trials in gastrointestinal and brain cancers. "R ....

New Zealand General , New Zealand , New South Wales , University Of South Australia , South Australia , John Parker , Stewart Bartlett , Declan Cassells , Callan Moss , Australian Government Research Centers Project , Government Biomedtech Horizons Program , Australian Venture Capital Fund , Macquarie Bank , Siemens Healthcare Pty Ltd , Pharmaceuticals Limited , University Of Sydney , University Of Wellington , Research Institute , Australian Bragg Centre For Proton Therapy , Australian Health , Renew Pharmaceuticals Limited , Existing Ferronova , Artesian Venture Partners , South Australian , Chair Dr John Parker , Renew Pharmaceuticals ,

Ferronova Raises A$11M in Funding

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South Australia , Stewart Bartlett , Australian Government Research Centers Project , Renew Pharmaceuticals Limited , Artesian Venture Partners ,